#finance

PJT Partners to acquire Dubai-based deNovo Partners

US investment bank PJT Partners to acquire Dubai-based deNovo Partners

The deal will help PJT Partners expand its presence in the Middle East, giving it access to a diverse client base

UAE banking sector's liquid assets surpass Dhs800bn in Q2 2024

UAE banking sector’s liquid assets exceed Dhs800bn in Q2 2024

On a quarter-on-quarter basis, liquid assets rose by 2  per cent, or Dhs14.9bn, compared to Dhs786.6bn at the end of Q1 2023

Emirates NBD launches zero-fee UAE equity trading

Emirates NBD launches zero-fee UAE equity trading

The move is part of the bank’s broader strategy to support the growth of domestic stocks and drive economic expansion in the UAE

UAE central bank fines local bank with Dhs5m

UAE fines foreign bank Dhs5m for money laundering breaches

The central bank directed the foreign bank to present the regulator’s action to its board of directors

Paymob secures $22m extension to Series B funding, raises $72m in total

Paymob secures $22m extension to Series B funding, raises $72m in total

The additional funding will further boost Paymob’s efforts to expand its regional footprint and reinforce its position as a leading payments provider in the region

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

PGIM opens Abu Dhabi office, joining money managers’ rush to UAE capital

The investment management firm said it has served clients in the Middle East for many years, but Abu Dhabi office would be its first in the region

EFG_Hermes-annual london conference

EFG Hermes’ annual meet shines light on MENA investment opportunities

The event explored transformative innovations in capital markets and regulatory developments while highlighting investment prospects

Rorix Holdings' Finstreet unveils regulated digital trading platform at ADGM

Rorix Holdings’ Finstreet unveils regulated digital trading platform at ADGM

Finstreet’s subsidiaries – Finstreet Global Market, Finstreet Global Clearing and Settlement, and Finstreet Capital – have received financial services permissions from ADGM’s FSRA

OQ Exploration and Production to float IPO on Muscat Stock Exchange

Oman IPO: OQ Exploration and Production to float 25% stake on MSX

The subscription period is expected to commence this month, with the listing anticipated in October

Emaar The Economic City unveils SAR8.7bn COP, focuses on transformation

Emaar The Economic City unveils SAR8.7bn COP, focuses on transformation

The plan, developed based on extensive assessment and analysis, aims to provide a comprehensive solution to stabilise the company’s financial and operational platforms

UAE unveils AML, CFT national strategy 2024-27 Image courtesy WAM

UAE approves new AML, CFT national strategy for 2024-27

The strategy, formulated around 11 strategic goals, introduces legislative and regulatory reforms to combat money laundering and terrorism financing

private equity trends half year report bain & co GettyImages-910730068

Private equity finds stability but momentum remains elusive, shows report

The report highlights that the sharp decrease in deal-making and exits over the past two years has largely plateaued in the early part of 2024

Abu Dhabi's MAIR Group poised to list shares directly on ADX

ADX sees ETF trading net Dhs1.86bn from Jan to Aug

The exchange reported a trading volume of approximately 450.7 million ETF units across 19,853 transactions during this period

what traders can learn from popular sports GettyImages-137887584

Watch and learn: Tips traders can pick up from popular sports

Experts believe that popular sports can teach us many valuable lessons that can be successfully applied to fields such as trading

Beyond oil: The GCC’s M&A-driven transformation

GCC M&A surge: A blueprint for sustainable growth

While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024

In numbers: Saudi Arabia’s 24 Fintech 2024

In numbers: Saudi Arabia’s 24 Fintech 2024

To mark the fintech sector’s growing importance and in line with Saudi Arabia’s Vision 2030, the inaugural 24 Fintech 2024 event is set to take place from September 3-5

Dubai Financial Services Authority (DFSA) approves 61 new firms in H1 2024

Dubai Financial Services Authority approves 61 new firms in H1

DFSA’s efforts have also bolstered the growth of the capital markets within the DIFC, which remains the world’s largest market for ESG sukuk

FIntech revolution GettyImages-852000488

Industry insights: How Saudi Arabia’s fintech scene is evolving

The region’s fintech sector is rapidly transforming, driven by strong investments, supportive regulations, and visionary initiatives like Saudi Arabia’s Vision 2030. As the sector grows, industry leaders share their insights on what lies ahead

Payments to progress: Mastercard’s role in industry-wide digital transformation

Payments to progress: Mastercard’s role in industry-wide digital transformation

Amnah Ajmal, EVP – Market Development, EEMEA, Mastercard, shares insights on how technology is transforming the region’s retail landscape and the brand’s latest partnership and initiatives

Dubai Investments' Hind Abdulrahman Al Ali on how women can drive change

Dubai Investments’ Hind Abdulrahman Al Ali on how women are driving change

Hind Abdulrahman Al Ali, board director at Dubai Investments, discusses the pivotal role of women in leadership and her vision for a more inclusive future

Emirates NBD, BeZero Carbon tie-up to support carbon market trading

Emirates NBD, BeZero Carbon partner to support carbon market trading

This collaboration marks Emirates NBD as the first bank in the UAE to integrate an independent ratings agency into its voluntary carbon market trading operations

Saudi's SEDCO Capital to launch public IPO fund

Saudi’s SEDCO Capital launches IPO investment fund

SEDCO Capital’s new fund is expected to attract both local and international investors, offering them a vehicle to tap into the growing Saudi market

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

Abu Dhabi’s ADX signs MoU with Armenia Securities Exchange

The agreement is expected to strengthen cross-border market activity between the two markets

MENA IPOs in Q2 2024 GettyImages-1317703626

MENA region sees 14 IPOs valued at $2.64bn in Q2 2024

Eight out of the 14 MENA IPOs in Q2 2024 delivered positive returns by the end of June, with Miahona Company achieving the highest gain of 90.4 per cent

UAE issues new decree to bolster AML CFT regulatory framework GettyImages

UAE issues new decree-law to bolster AML, CFT regulations

This move is part of the UAE’s ongoing efforts to enhance its legal and regulatory framework in the fight against financial crimes

EFG Hermes ONE rebrands, unveils new trading platform

EFG Hermes ONE rebrands, unveils new trading platform

Currently available in Egypt and Kuwait, and soon to be launched in the UAE, EFG Hermes ONE grants users access to 35 global markets through OLT

Finastra's Siobhan Byron on addressing financial inclusion, agility

Finastra’s Siobhan Byron on addressing financial inclusion, agility

Siobhan Byron, EVP Universal Banking at Finastra, highlights the role of open ecosystems, cloud, SaaS, and AI in accelerating innovation

Wio Bank’s CEO on banking in an era of evolving consumer needs

Wio Bank’s CEO on banking in an era of evolving consumer needs

Jayesh Patel says that the belief that neobanks struggle with profitability is a misconception while noting that digital banks can be profitable with a defined business objectives

PIF signs 6 MoUs with financial institutions

Saudi’s PIF inks MoUs worth $50bn with financial entities

PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China

Tony Hallside, CEO of STP Partners

SME story: How STP Partners leverages tech in its financial solutions

Tony Hallside, CEO of STP Partners, a full-service DIFC-based prime broker, discusses the firm’s innovative prime brokerage services, strategic successes, and future plans in the dynamic financial landscape